Thursday, August 29, 2013

IRS Announcement For Married Same-Sex Couples

From Forbes Magazine:

The IRS has taken lots of hits lately, but this is welcome news for
same-sex couples, those considering marriage, and the tax preparation
community that has long been scratching its collective head. Now it’s
official. The IRS says anyone who is legally married is married for
federal tax purposes. See Treasury Department Press Release.

It doesn’t matter whether you live in a jurisdiction that recognizes
your marriage. Treasury Secretary Jacob J. Lew said, “This ruling also
assures legally married same-sex couples that they can move freely
throughout the country knowing that their federal filing status will not
change.” See Treasury and IRS Recognize Same-Sex Marriages for Tax Purposes.

The IRS will apply
this sea change September 16th, though you can actually amend for prior
years as noted below. To see the text of Revenue Ruling 2013-17, click here. For Frequently Asked Questions, click here.

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While all marriages are covered, the ruling
doesn’t cover registered domestic partnerships, civil unions, or
similar formal relationships recognized under state law. For registered
domestic partners who live in community property states, click here.